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SoFi-Social Capital Merger Will Fuel Growth Of One-Stop-Shop Financial Supermarket

PYMNTS

7) that it was merging with publicly-traded Social Capital in an $8.6 The SoFi deal marks at least the third such transaction done by the Social Capital SPAC, Palihapitiya said in a televised interview on CNBC, adding that the deal was driven by the fact that banking infrastructure isn't currently meeting the needs of U.S. consumers.

Capital 150
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Healthcare Tech Company Truepill Raises $75M To Expand

PYMNTS

Also participating were existing investors Boston-based Optum Ventures, which offers capital and strategic guidance to startups; TI Platform Management LLC., Connecticut-based healthcare and FinTech investor Oak HC/FT led the funding.

Company 184
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Glossier Brings Shops To Nordstrom

PYMNTS

A Nordstrom partnership should help Glossier reach more shoppers who don’t reside close to its Los Angeles and New York stores, per the report. Sequoia Capital led the round, with participation from Tiger Global Management, Spark Capital and existing investors Forerunner Ventures, IVP, Thrive Capital and Index Ventures.

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Alphabet-Backed Healthcare Startup, One Medical, To IPO

PYMNTS

Other investors include Benchmark Capital Partners, which owns 13 percent, and Oak Investment Partners, with 11.4 According to the filing , One Medical has nine locations — Boston, Chicago, Los Angeles, New York, Phoenix, San Diego, the San Francisco Bay Area, Seattle and Washington, D.C.

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Lyft Gets Hit With Class Action Lawsuit By Investors

PYMNTS

The the class action lawsuit, filed Friday (May 17) by Boston-based law firm Block & Leviton in U.S. On top of that, the lawsuit contends Lyft failed to warn investors of the chance of a labor dispute, pointing to a 25-hour strike by drivers in Los Angeles ahead of its IPO at the end of March.

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Barneys’ Flagship Madison Avenue Store To Stay Open For Now

PYMNTS

At the same time, Great American Group and Tiger Capital Group noted in a press release that store closings would soon start at five flagship Barneys New York locations and Barneys Warehouse locations. Authentic Brands bid about $271 million for Barneys, saying that it would make the Madison Avenue location into a pop-up shop.

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London: still the #1 Global Financial Centre

Chris Skinner

The GFCI rates 88 financial centres and finds the top ten are: London New York Singapore Hong Kong Tokyo San Francisco Chicago Sydney Boston Toronto Updated every six months, the main headlines of this half year are: Brexit and the US election have had a significant impact. Los Angeles moved up 20 points into the top 20 global centres.